In this section:
"commencement date" means the day on which Rule-Making Instrument No 166 of 2016 comes into force;
"endorsement" means an endorsement under:(a) GEN Rule 2.2.10A permitting an
Authorised Firmto hold or control Client Assets; or(b) GEN Rule 2.2.10B permitting an Authorised Firmto hold Insurance Monies;
"transitional period" means the period starting on the commencement date and ending six months after that day.